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How to appeal against a tax decision

  • Posted On: 15 November 2017
How to appeal against a tax decision It is not unusual for taxpayers to find themselves in a position where they disagree with a tax decision made by HMRC. There are a number of different options open to taxpayers seeking to use the review and appeals process. Note, there is a separate

Claiming an “unclaimed” estate

  • Posted On: 15 November 2017
Claiming an “unclaimed” estate There are special rules that govern how assets are divided if a person dies without making a will. If this happens your assets are passed on to family members in accordance with a set legal formula. This can result in a distribution of assets that

How to import goods for the first time

  • Posted On: 15 November 2017
How to import goods for the first time Businesses that are starting to import goods for the first time need to be aware of a myriad of special rules that apply. Whilst most smaller businesses importing goods will use a courier or freight forwarder, it is still important to be aware of the

Disguised remuneration settlement opportunity

  • Posted On: 15 November 2017
Disguised remuneration settlement opportunity A new measure to tackle disguised remuneration tax avoidance schemes was announced as part of the Autumn Statement 2016. The new measure will introduce a loan charge on disguised remuneration avoidance schemes that remain unpaid on 5 April

How much statutory redundancy pay should you receive?

  • Posted On: 15 November 2017
How much statutory redundancy pay should you receive? If you have been in the same job for two years or more and are made redundant you will usually be entitled to a redundancy payment. The legal minimum that you are entitled to receive is known as ‘statutory redundancy pay’. There are exceptions where

Changing a will after death

  • Posted On: 15 November 2017
Changing a will after death This may come as a surprising fact to many of our readers, but a will can be changed after death. This can be done by using what is known as a Deed of Variation. Any changes to the will must be done within two years from the date of death. However,

Are you caught by the High Income Child Benefit tax charge?

  • Posted On: 15 November 2017
Are you caught by the High Income Child Benefit tax charge? The High Income Child Benefit Charge (HICBC) applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child benefit. The charge either reduces or removes the financial benefit of receiving child benefit. Where both

OTS publishes new report on the VAT system

  • Posted On: 08 November 2017
OTS publishes new report on the VAT system The Office of Tax Simplification (OTS) provides advice to the Chancellor on simplifying the UK tax system, with the objective of reducing compliance burdens on both businesses and individual taxpayers and will draw together expertise from across the

Delay in withdrawal of self-employed NIC contributions

  • Posted On: 08 November 2017
Delay in withdrawal of self-employed NIC contributions In a surprising move, the Government has announced that the planned abolition of Class 2 National Insurance Contributions (NICs) is to be delayed for a year. The withdrawal of Class 2 NICs was due to take place from April 2018 but will now take place

HMRC win Littlewoods’ tax case

  • Posted On: 08 November 2017
HMRC win Littlewoods’ tax case HMRC has won a landmark case after the Supreme Court overturned an earlier decision of the Court of Appeal. The issue at hand concerned historic overpayments of VAT by Littlewoods (a catalogue sales business) between 1973 and 2004. In 2004, HMRC